Crypto compliance company TRM Labs completes $70 million Series C funding, valuing at $1 billion

2026-02-04 10:18:35

Abstract generation in progress

Odaily Planet Daily reports that according to Fortune magazine, the cryptocurrency compliance and investigation startup TRM Labs announced the completion of a $70 million Series C funding round, valuing the company at $1 billion, making it a new “crypto unicorn.” This round was led by early investor Blockchain Capital, with traditional institutions such as Goldman Sachs, Bessemer, Brevan Howard, Thoma Bravo, and Citigroup Venture Capital participating.

TRM Labs was founded by Esteban Castaño and Rahul Raina in 2018. Its blockchain analysis software is widely adopted by law enforcement agencies worldwide and an increasing number of private companies using cryptocurrencies for fund transfers. Currently, about 40% of TRM’s clients come from the private sector, and this proportion is growing as financial institutions explore tokenized deposits, equities, and other assets. The company’s team has rapidly expanded to 350 people and is leveraging AI technology to combat evolving criminal tactics.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.